US Dollar Index Weakened Significantly, Copper Prices Rose Slightly Overnight [SMM Copper Morning Meeting Summary]
- feb 21, 2025, at 8:57 am
[SMM Morning Meeting Summary: US Dollar Index Weakened Significantly, Copper Prices Rose Slightly Overnight]
On February 20, #1 copper cathode spot prices against the current-month 2503 contract were quoted at a discount of 110-70 yuan/mt, with an average discount of 90 yuan/mt, up 20 yuan/mt from the previous trading day. According to SMM, a slight inventory buildup continued in the Shanghai region this week. Due to the ongoing expansion of import losses, recent proactive customs clearance...
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